Apartment Investment and Management Company (NYSE:AIV) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Apartment Investment and Management Company (NYSE:AIV) have received a consensus recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $46.17.

Several equities research analysts have weighed in on AIV shares. Barclays PLC lifted their price target on shares of Apartment Investment and Management Company from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research downgraded shares of Apartment Investment and Management Company from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Bank of America Corporation downgraded shares of Apartment Investment and Management Company from a “buy” rating to a “neutral” rating and set a $47.00 price target for the company. in a research note on Friday, June 16th. Canaccord Genuity decreased their price target on shares of Apartment Investment and Management Company from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, May 2nd. Finally, Mizuho downgraded shares of Apartment Investment and Management Company from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $45.00 in a research note on Monday, May 1st.

Shares of Apartment Investment and Management Company (NYSE:AIV) opened at 42.65 on Monday. The company has a market cap of $6.70 billion, a PE ratio of 16.48 and a beta of 0.43. Apartment Investment and Management Company has a 52-week low of $39.66 and a 52-week high of $47.91. The company has a 50 day moving average of $43.57 and a 200-day moving average of $44.24.

Apartment Investment and Management Company (NYSE:AIV) last announced its earnings results on Thursday, April 27th. The real estate investment trust reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Apartment Investment and Management Company had a net margin of 41.53% and a return on equity of 23.66%. The business had revenue of $246.50 million during the quarter, compared to the consensus estimate of $242.87 million. During the same quarter last year, the firm earned $0.57 earnings per share. Apartment Investment and Management Company’s quarterly revenue was up .1% on a year-over-year basis. Analysts forecast that Apartment Investment and Management Company will post $0.49 EPS for the current fiscal year.

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In other news, Director Kathleen M. Nelson sold 1,220 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $43.59, for a total transaction of $53,179.80. Following the completion of the sale, the director now directly owns 40,630 shares of the company’s stock, valued at $1,771,061.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in Apartment Investment and Management Company by 10.6% in the first quarter. Quadrant Capital Group LLC now owns 2,606 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 250 shares during the period. Israel Discount Bank of New York GFN purchased a new position in Apartment Investment and Management Company during the fourth quarter valued at $112,000. Israel Discount Bank of New York purchased a new position in Apartment Investment and Management Company during the first quarter valued at $115,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Apartment Investment and Management Company by 190.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 1,900 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new position in Apartment Investment and Management Company during the first quarter valued at $166,000.

About Apartment Investment and Management Company

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate.

Analyst Recommendations for Apartment Investment and Management Company (NYSE:AIV)

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